DAREBS: The InBet Games solution to recover FOBT losses?
In the wake of the government’s decision to slash the maximum stake on fixed-odds betting terminals (FOBTs) from £100 to £2, and subsequently raise the 15% Remote Duty tax on online gambling, UK gambling operators are facing a major hit to their profits.
According to the Telegraph, this will bring about an estimated £200 million profit loss for UK bookmakers, who argue that the stake reduction effectively puts FOBTs out of commission, and equates to them losing more than half of their annual revenues – or £1.8 billion a year.
However, it’s not all doom and gloom for these operators, so long as there is a powerful betting tool in place, writes Pavel Korolev, Business Development Director at InBet Games.
Fifteen years of experience in dealing with regulatory issues across many countries has given us an edge in adjusting our offerings to suit the ins and outs of any jurisdiction we work in.
In the UK, the quest to find alternative revenue streams to the FOBT has pulled into focus an existing InBet solution which emulates popular features of the much-maligned machines.
Dynamically Animated Real Events Betting System DAREBS (or DAREBS) are similar to FOBTS in that they also offer a wide diversity of entertaining animations, yet players make bets on airplane positioning in real time mode, which does not involve random number generation (RNG).
The point of RNG is of the utmost importance here. FOBTs are classified as types of slot machines that operate off RNG and fall under the category of games of luck. Live events betting, in real time mode with no RNG, dictates that DAREBS falls into the category of betting on live events.
This real-event mechanism makes it safe on a regulatory front as it can be operated on a bookmaking licence, without cannibalizing the existent infrastructure that is already in use.
Another great upside to choosing DAREBS for a bookmaker shop is that there are no quantity restrictions, unlike with FOBTs, which are limited to four in one shop.
This means that with DAREBS, operators can retain the same profit-making capacity as with FOBTs pre-£2 ruling, while the entertainment experience will be more engaging and exciting than before.
In addition to betting on aeroplane positioning, DAREBS variety of 120 legendary betting animations includes Lemon Cherry, Columbus Deluxe, Book of Ra Deluxe, Dolphins Pearl, Book of Ra, Sizzling Hot Deluxe, Just Jewels Deluxe, Lucky Lady’s Charm Deluxe and many others.
All DAREBS graphics possess an underlying rationale whereby each digit combination corresponds with a particular symbol and each symbol represents a graphic image.
Every bet event is displayed as a graphic or sequence of images, while the outcome each time is denoted in a unique digit combination that is displayed on the screen in the betting shop.